ECB unmoved amid rapidly rising inflation

The European Central Bank edged itself away from the Bank of England & US Federal Reserve who have begun to prepare investors for tighter monetary policy. The two-day ECB meeting heavily focused on the high inflation data which ECB President Christine Lagarde suggested would increase further and last longer than expected. However, their analysis still did not lead to a projected rise of interest rates next year, in the belief that eurozone inflation will ease below their 2% target in the medium term.